Banco BVA will split and sell its defaulting loan portfolio
Banco BVA vai cindir e vender a sua carteira de crédito inadimplente
Intel ID : 240694
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The bankrupt estate of Banco BVA, a financial institution based in São Paulo, will split and sell its defaulting credit portfolio, reported Estadão on 17 September 2016. The company has announced the auction of its bankrupt estate (see related intel), but intends to carry out the division of its defaulting credit portfolio, with the purpose of selling the portfolio immediately, trying to prevent the asset depreciation. The portfolio is valued at just under 10% of its total value of BRL 2.8bn. The proposal on the table is to reduce by BRL 500m the portfolio to be sold, to settle a lawsuit with Caoa group.
(content in portuguese)
A massa falida do Banco BVA, entidade financeira com sede em São Paulo, vai cindir e vender a sua carteira de crédito inadimplente, segundo publicou o Estadão no dia 17 de setembro de 2016. A empresa já anunciou o leilão da sua massa falida (ver intel relacionado), mas pretende realizar a cisão da sua carteira de crédito inadimplente, com o objetivo de vender a carteira imediatamente para tentar evitar a desvalorização do ativo. A carteira está avaliada em pouco menos de 10% de seu valor total de BRL 2,8bi. A proposta que está na mesa é a de reduzir em BRL 500m a carteira a ser vendida, para solucionar uma discussão judicial com o grupo Caoa. |
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| Intel ID | 240694 | |
| Value | EUR 756,90m (Approx.) | |
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Brazilian Real (BRL)
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.